Wonders Of Yunnan Travel

User profile: mike4g_air

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  • RegisteredAugust 24, 2007
  • RegionChina
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  • RegisteredAugust 24, 2007

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Forums > Living in Kunming > China's money out-flux

When people ask "why is XJP so focused on cracking corruption?"

The answer is ; If this trend of non compliance with rules continues, it creates a fragile china.

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Presently housing developments are way overvalued.

The results from constrution companies bidding to get a certain plot of land and the increased cost passed on to the consumer/ end buyer/ leasee.
The increase in housing cost is not a result of demand however the investors and speculators blindly dive in.

what will happen when the trend starts downward??? the speculators get out (cash in) untill the trend goes up again

It's a clasic bubble.

In my opinion the ongoing / deepening western crisis will be the trigger, when the sovereign debts cant be repaid ( Greece ) the lenders holdings will be devalued.

the only way china can get away from it is time, presently china is amassing vast amounts of gold....the next world currency this will be the buffer to devaluation.

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Went the other night, it was very late therefore I cant coment on the food but it did smell very good..
Cozy atmosphere and very friendly host.
Will return again now that it's found!